Minneapolis Portfolio Management Group LLC Has $27.16 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Minneapolis Portfolio Management Group LLC lessened its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 170,958 shares of the technology company's stock after selling 3,534 shares during the period. Generac makes up about 3.5% of Minneapolis Portfolio Management Group LLC's investment portfolio, making the stock its 15th biggest holding. Minneapolis Portfolio Management Group LLC owned about 0.28% of Generac worth $27,162,000 at the end of the most recent reporting period.

• Generac Raises Guidance: Why Is the Stock Still a Hold?

Several other hedge funds also recently bought and sold shares of the company. DAVENPORT & Co LLC lifted its stake in Generac by 831.1% in the first quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company's stock valued at $30,288,000 after buying an additional 214,322 shares in the last quarter. Willis Investment Counsel lifted its position in Generac by 18.7% in the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company's stock valued at $16,684,000 after acquiring an additional 16,541 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Generac by 85.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company's stock worth $928,000 after purchasing an additional 3,244 shares during the period. Epoch Investment Partners Inc. bought a new position in Generac during the 1st quarter worth about $1,053,000. Finally, Nwam LLC raised its stake in shares of Generac by 135.8% in the 1st quarter. Nwam LLC now owns 5,629 shares of the technology company's stock valued at $768,000 after purchasing an additional 3,242 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GNRC shares. Roth Mkm upped their price objective on Generac from $160.00 to $175.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Scotiabank raised their price target on shares of Generac from $147.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Monday, July 29th. TD Cowen increased their target price on shares of Generac from $172.00 to $183.00 and gave the stock a "buy" rating in a report on Friday. Wells Fargo & Company lifted their price target on shares of Generac from $139.00 to $156.00 and gave the company an "equal weight" rating in a research note on Thursday, August 1st. Finally, Truist Financial increased their price objective on shares of Generac from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $169.10.

• Generac Holdings Stock: Mixed Signals Leave Investors Uncertain

Read Our Latest Research Report on GNRC

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the transaction, the chief executive officer now directly owns 562,177 shares of the company's stock, valued at approximately $89,346,790.61. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.90% of the company's stock.

Generac Stock Performance

• MarketBeat Week in Review – 5/6 - 5/10

Shares of GNRC stock traded up $3.36 during midday trading on Friday, hitting $168.91. 1,045,469 shares of the company were exchanged, compared to its average volume of 900,352. Generac Holdings Inc. has a 52 week low of $98.27 and a 52 week high of $176.14. The firm has a market capitalization of $10.16 billion, a P/E ratio of 35.04, a PEG ratio of 2.13 and a beta of 1.37. The firm's 50 day moving average price is $157.17 and its two-hundred day moving average price is $148.31. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 2.03.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business's revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.64 earnings per share. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 6.49 earnings per share for the current year.

Generac Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.

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